# PPP loan: THE ARC OF THE QUAD CITIES AREA
> **$1.53M** approved 04/08/2020 · Paid in Full · Loan `8242977002`
## Borrower
- **Name:** THE ARC OF THE QUAD CITIES AREA
- **Address:** 4016 9TH ST, ROCK ISLAND, IL, 61201-6722
- **NAICS:** 623210
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.53M
- **Initial approval:** $1.53M
- **Forgiven:** $1.54M (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.53M
- **Jobs reported:** 235
## Lender
- **Originating:** CBI Bank and Trust
- **Servicing:** CBI Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*